14-10-2024 05:52 PM | Source: Tata Mutual Fund
RBI Monetary Policy Committee Update and Fixed Income House View by Tata Mutual Fund

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

https://t.me/InvestmentGuruIndiacom

Download Telegram App before Joining the Channel

KEY DECISIONS

At its meeting held today, the RBI Monetary Policy Committee (MPC) voted with a 5-1 majority to keep key rates unchanged (Repo Rate at 6.50%, SDF rate at 6.25% and MSF rate at 6.75%).

MPC unanimously voted for a change in stance from ‘withdrawal of accommodation’ to ‘neutral’ and to remain unambiguously focused on a durable alignment of inflation with the target, while supporting growth.

 

GDP GROWTH & INFLATION ESTIMATES

Global economic near-term outlook is positive, significant challenges to medium term growth outlook in the form of ongoing geopolitical conflicts

* Domestic economic activity continues to be steady as suggested by high frequency indicators. The supply side components remain resilient. Above normal southwest monsoon rainfall and better kharif sowing continues to support agricultural growth.

* Rural Demand is trending upwards while urban demand continues to hold firm. Central and State Government capex has picked up pace after subdued first quarter.

* India’s growth story remains resilient as consumption and investment demand gains momentum.

* Real GDP growth for 2024-25 is projected at 7.2 per cent with Q2 at 7.0 per cent; Q3 at 7.4 per cent; and Q4 at 7.2 per cent. Growth for Q1FY26 is projected at 7.3 per cent.

 

 

Above views are of the author and not of the website kindly read disclaimer

To Read Complete Report & Disclaimer     Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer